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6040 Gerrie Road
Peachland · Vacant Land
Listed by Coldwell Banker Horizon Realty · MLS® 10389063
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Sign inAbout this home
OVER $100K BELOW ASSESSED VALUE — Build Your Dream Home in Peachland! An exceptional opportunity to secure a premium view lot in one of the Okanagan's most charming lakeside communities - Peachland. Lot 23 at 6040 Gerrie Road is ideally configured for a rancher with a walkout (daylight) basement — a highly sought-after layout that maximizes both main-floor living and the stunning natural surroundings. Nestled in a quiet, established neighbourhood, this lot enjoys a beautifully contrasting setting: mountain and hilltop views on one side, while sweeping Okanagan Lake and valley views unfold on the lower side. Whether you're sipping morning coffee on the main level or stepping out from the lower walk-out, the scenery is yours in every direction. The charming town of Peachland is just a 5-minute drive away, where flat lakeside pathways, local cafes, restaurants, and a welcoming community await. With the lot priced well below assessed value, this is one of the best opportunities in the area to build exactly the home you've always envisioned. Don't miss your chance to own a piece of the Okanagan lifestyle. ** Please view the SURVEY CERTIFICATE, as the photo showing the lot line overlay is only to give an idea of the lot location, this is not shown to size, or to scale.
Home facts
- Property type
- Vacant Land
- Area
- Peachland
- Listed
- May 27, 2026
- Structure
- Other
- Frontage
- 55 feet
- PID
- 028-156-340
- Common interest
- Freehold
Highlights
- Mountain view
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
- Utilities
- Water, Natural Gas, Electricity, Cable
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $1,844
- Property tax
- $117/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,110
Purchase snapshot
- List price
- $389,000
- Down payment
- $77,800 (20%)
- Estimated mortgage
- $311,200
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $1,924
- At 4.9462 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $1,300 a month
- Gross yield
- 4.0%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 46%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
